monthly spending report

spending report – august 2018

Another month complete, another spending report up on the blog. August has been notably quieter than June and July, which I am extremely grateful for. We’ve had some quieter weekends which have been welcome and have pretty much spent most of the month excited for our holiday at the beginning of September. We haven’t had a proper extended break yet this year and it’s definitely telling on our mental and physical states! credit cards: how…

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money

on saving money and the environment

I’ve always been an environmentalist at heart. When I was about 8 or 9 I felt so strongly about environmental issues that I wrote letters to both the Queen and the Prime Minister (John Major at the time) about how worried I was about the ivory and snakeskin trades. I’m not sure if I thought they’d be compelled to do something about the matter after reading 1 little girl’s letter, but I just felt the…

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money

on money and relationships

Money and relationships. There’s not many things that can be so divisive between a couple. But, just like there’s more than one way to skin a cat, there is definitely more than one way for couples to manage their financials. The folks over at the Money Advice Service also have a very useful guide to money management for couples. From talking over the years with family, friends and colleagues, the 3 most common scenarios for…

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money

on workplace sharesave schemes

I think it’s fair to say saver’s have struggled with the historically low interest rates the UK has had for over 8 years now. For borrowers – mortgages and personal loans have seen very advantageous rates and deals but for saver’s… not so much. From easy access savings accounts, ISA’s, NS&I bonds and stock market investing, there are plenty of places people can stash their cash to try and grow their net worth. But with…

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financial independence

on not hating my job

It’s not a prerequisite to hate your job when you’re on the path to financial independence. I actually love my profession and love the career I have built. But as much as I find fulfillment and satisfaction in it, I’m still quite willing to close the door on that part of my life when we hit FI. I worked hard to get where I am in my career, with a postgraduate degree required before I…

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monthly spending report

spending report – july 2018

Here’s July’s spending report. Below, you’ll find a few explanations to give you some context and then the categories where our money gets spent. Aiming to become financially independent means we want to keep our spending as low as we can. This year, we’re having to deal with some health related challenges that has inched our spending up. We can afford it, but it also means our spending in some categories is higher than we’d…

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money

on paying off my student loan

In 2017, I paid off my student loan *cue wild cheering*. I took the unconventional route and actually paid off the remaining balance as a lump sum. the balance I had a total of £13,631.01 coming out of university in September 2008. I was on plan type 1, for people receiving loans on or before September 2012. Once eligible to begin repaying your loan, your repayments are 9% of your earnings above the threshold that is…

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financial independence

on our investment strategy

The definition of financial independence is broadly having enough sufficient personal wealth to live, without have to work actively to provide for basic necessities. For people that are financially independent, their assets generate passive income that is higher than their expenses. To achieve the milestone of having enough assets that generate annual living expenses, we need an investment strategy to guide us there. investing in the stock market Our investment strategy, like our current spending…

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money

on a tale of two millennial couples

In romantic relationships, they say opposites attract. But I’d wager to suggest you can apply that to friendships too. Certainly in our experience, we have very close friends (let’s call them John & Jane) who are very different to us when it comes to money. In many ways we are so similar which makes this such an interesting case study.   different approaches Based on our time living in the same city as John &…

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financial independence

on the journey to financial independence

On a hike recently, lost in my thoughts, I began to ponder that the journey to financial independence is a lot like hiking. The more I thought about it, the more it made sense; a lot of the emotions/stages you go through on a lengthy hike are applicable to the motions of striving for financial freedom. So, how exactly do I liken the journey to FI to a pretty challenging hike? it’s hard We once…

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